BTCUSDT 4H | Bitcoin market overview: Bullish

BTCUSDT 4H | Bitcoin market overview: Bullish

Hello, dear subscribers!

In the last review we talked about that the price of bitcoin in the coming days will be in a wide range $10,700-$12,000.

The need for this appeared after the impressive rise in the price of Bitcoin from $9,250 to $12,150 starting in mid-July. In order to continue growing and attack the resistance zone of $11,800 – $12,000 bulls need to accumulate strength.
The current price is $11,700. Yesterday the bulls tried to attack the price of $11,800 and got close to it. MACD and RSI indicators are in the growth zone, which suggests that the bulls may continue to attempt to enter the zone of $11,800-$12,000 and go further. For sellers, there is no way yet to push the price down, the bulls are currently in the initiative.

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Published at Fri, 14 Aug 2020 08:04:02 +0000

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